Introduction from San Francisco

[Gary Carino]

Hi BP!

My name is Gary and I'm from California and currently live in San Francisco. I read Rich Dad Poor Dad probably 10 years ago because one of my older cousins was trying to get me into Real Estate. It's taken me a while to decide that it's time for me to move forward with RE Investing, but here I am! I'm very well versed in stock market investing and have a good passive strategy.

However I want to diversify into real estate and my goal is to create some passive income through real estate. As CA is insane right now, my strategy is to buy a rental out of state where I can cashflow. Some of my colleagues have mentioned OH, MO, and AZ and I would like to buy a first property in the next 3 to 6 months.

The BP podcasts are great and I'm starting to learn more and more. I look forward to being a part of this community and I cant wait to start my journey into RE investing!

Cheers,

-Gary

[Clayton Mobley]

@Gary Carino Welcome to BP! You will find plenty of other people in your exact position - CA, NY, or HI residents who need to look outside their own inflated markets. Investing out of state is definitely a viable option (most of our clients live outside of AL), but just know that you'll need to put in extra legwork during your research and vetting stage. 

Whether you DIY (find your own agent, contractor, property manager and then manage them from afar) or go the turnkey route (one company does everything), you need to make sure the people you choose are going to be there for the long-haul. I always recommend that out of state investors make a trip to their chosen market to meet the people they're considering working with, prior to any buying any properties. Consider it an investment in your investment that will pay huge dividends in peace of mind.

Best of luck!

Clayton